Risk Type Compass® Assessment

When risk management strategies fail, it is almost always because the human factor in the equation has not been addressed. It is important to recognize that individuals vary markedly in their disposition towards risk and, of course, that includes Risk Managers. A Risk Manager who is informed and self-aware in this regard is better placed to appreciate the various challenges of compliance and to react to and manage the human dimensions of risk within the company and within their own team.

PRMIA has partnered with Psychological Consultancy Limited to provide the Risk Type Compass and Feedback session.

The Risk Type Compass personality assessment focuses on differences in the way individuals perceive, react to and manage risk, as well as how they make decisions. Based on extensive global psychological research, it places individuals into one of eight distinctive Risk Types, providing insights that have important implications for individuals, teams and the organization.

While risk management has previously focused on procedures, processes, regulation and legislation, Risk Type Compass uniquely assesses the risk-taking nature of individuals. By identifying critical individual differences in risk appetite, organizations can maximize potential and balance the contributions of risk-takers and more risk-averse individuals.

Though applicable to all industry sectors, Risk Type Compass has particular relevance within the banking, investment, finance, insurance, energy, manufacturing and consulting sectors.

Program Pricing

Cancellation: No refunds will be made after the registrant completes the assessment. It is the registrant’s responsibility to complete the Feedback Session within 1 week of receiving the personal report.

By mapping the location and prevalence of Risk Types within an organization, Risk Type Compass enables risk propensity to be identified and managed. Viewing the risk landscape in a tangible way allows organizations to make decisions about the overall risk culture and the extent to which there are departmental or divisional differences.